Think Like a Millionaire

Recent reports show that for the first time, there are more than 10 million Americans with a net worth of $1 million or more or half a million in investable assets. We've known a number of self-made millionaires, and none of them got there by spending their hard-earned money on status symbols.

In fact, just the opposite.

Millionaires invest approximately 20% of their household incomes each year. Sure, it seems easier to save more when your income is in the seven figures, but many of them started small. People who become rich put their money into ventures that will earn money. Instead of buying your absolute dream house in a trendy neighborhood when you're just starting out, buy a duplex in an up-and-coming part of town and rent out half, then sell when the market goes up.

Ordinary folks have done this. We received a call on our show once from a newlywed couple in California who told us they'd taken our advice and, instead of buying a single-family home, purchased a triplex shortly after they returned home from their honeymoon. They used money given to them as wedding presents for the down payment. They moved into one unit and rented out the other two. The two rents almost covered their mortgage, so they were able to buy another rental property.

Nothing like starting a marriage with plenty of investment income!

You can do it, too. Just start thinking like a millionaire!

Now that you're in the right mindset, let's start getting the most out of your money:

• How You Can Become a Millionaire
• Our Roadmap for a Profitable Year
• Jump Start Your Portfolio!